Wednesday, December 7, 2022

Australia’s industry associations unite to avert skills and labor shortage

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Australia’s post-COVID economy recovery is under threat from a labor shortage, due to a shortage of job seekers able to fill key positions in industries like retail, travel, and hospitality, says former Minister for Vocational and Technical Education, The Hon Gary Hardgrave.

A closer look at the Reserve Bank of Australia’s response to COVID-19

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To date, in an Australian context, the federal and state governments’ measures announced amount to approximately A$200 billion or 10% of GDP.

Victoria gets back to business as spending surges in post-lockdown

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Personal services businesses, such as hairdressers and beauty salons, in Victoria, have welcomed a 481% increase in sales in their first-weekend post-lockdown compared with the previous weekend, according to Commonwealth Bank Australia merchant terminal data.
99designs by Vistaprint unveils top industries for small business in 2021

99designs by Vistaprint unveils the cutting edge industries for small business in 2021

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Mushrooms, alternative alcohol, digital health and merch are four of the fastest-growing sectors for startups and small businesses in 2021, according to global creative platform 99designs by Vistaprint.

The acclaimed China International Import Expo readies for its fifth edition

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The fifth China International Import Expo will take place from November 5-10 this year. Buoyed by its opening-up policy, continuous optimization of the business environment and strong economic resilience, China will remain a hot investment destination in the years to come, said global experts at the World Economic Forum (WEF) 2022 in Davos, Switzerland.

Payment pauses on credit repayments due to COVID-19 will not be reported as ‘missed...

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Australians impacted by COVID-19 who are seeking a payment pause or deferral on their loan repayments, need not worry about the impact on their credit report, confirms consumer education website CreditSmart.

Airtasker sees the Australian service economy staging impressive recovery

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Australian online marketplace Airtasker has revealed its gross marketplace volume (GMV) crossed a record annualised run-rate of more than $200 million.

Stone & Chalk and AustCyber merge to accelerate growth for Australian emerging technology companies

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The integration of these two organisations will see new jobs and investment for NSW, as well as the rest of the country, at a critical time when our economy is recovering from the pandemic

Illicit tobacco accounts for 19.3% of tobacco consumption in Australia

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The Australian government is losing billions in excise tax as illicit tobacco consumption hits 2.2 million kilograms, subsidising dangerous criminal enterprises, KPMG UK’s latest ‘Illicit Tobacco in Australia’ research report has revealed. The report found illicit tobacco now accounts for 19.3% of all tobacco consumed in Australia. If the 2,242 tonnes of illicit tobacco had been consumed legally, it would have generated an estimated additional $3.4 billion in tax revenue.

Research shows surge in household finances despite economic stagnation

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Despite a sudden increase in unemployment across many countries at the start of the COVID-19 pandemic, personal equity has proven to significantly grow across many OECD countries throughout 2020, according to new research by Compare the Market. Of the 20 countries studied, South Korea recorded the greatest positive change in household net wealth last year despite the onset effects of COVID-19. The nation saw a 19% increase, jumping from US$46,810.10 per capita in 2019 to US$55,675.78 per capita in 2020.